090 Financial Excellence: Saving Money at Christmas Time

Living In Financial Excellence

21 Dec 090 Financial Excellence: Saving Money at Christmas Time


Financial Podcast for budgeting, debt free living and investing

Episode 90: How to Save Money During Christmas and Other Holidays, Dec 20, 2011.

Today I share tips and tricks from the Financial Excellence community about how to save money on Christmas gifts, decorations, and other holiday expenses. We had a lot of suggestions, including some from my friends at Super Frugalette, Sparing-Change, The Single Saver, and Smart Family Finance. Thanks guys!

Don’t forget: Living In Financial Excellence airs LIVE every Tuesday at 10 a.m. CST. You can watch live and join the chat at financialexcellence.net/live-show

Show notes:

  • Many of the suggestions sent in involved not spending any money at all. From making gifts to baking gifts, we shared a lot of ways to get creative with gifts this year and save some money.
  • Several of our listeners, like Lindsey and AJGrifdog, recommended having a plan for your gift giving. It helps to set aside a little each month so you have the money to spend when it’s time to shop. Here is theĀ Gift Planning & Budgeting Worksheet Janelle and I use each year.
  • Charitable donations were another common suggestion. Not only do you avoid giving someone something they don’t need, but you’re able to make a true difference in someone’s life. Plus, you get a tax deduction. Win-win-win!
  • Meg at Sparing-Change shared how she makes homemade wines and jams for friends and family. I got thirsty reading her post!
  • Denise at The Single Saver recently wrote a 12-day series sharing some great money saving tips. Check it out!
  • Super Frugalette says it’s ok to say, “I am not in a financial position to exchange gifts this year and I would prefer we didn’t.” I couldn’t agree more. If the shoe fits, don’t be afraid to say that to someone.
  • Shaun at Smart Family Finances reminded us of the creative gift-giving ideas that give you tax deductions.
  • Newlyweds on a budget shared a post about their Christmas on a dime as newlyweds. We didn’t get it in time for the show but it’s a good post and worth sharing. Check it out when you get a chance. Miss T at Prairie Eco-Thrifter also recommended pot luck dinners to save on the food prep costs, which my family has been doing for a while and I LOVE.
  • You can influence what we talk about in future shows. Simply fill out this three-minute survey.

Like what you hear? Visit the iTunes store and leave a review or leave a comment below. Or call our listener feedback line and leave a voice message that we can share on the air. As always, we appreciate your feedback!

Living In Financial Excellence Feedback Linesubscribe with iTunes

 

7 Comments
  • Kevin Martineau
    Posted at 17:40h, 21 December

    Hi Matt:

    I am a first time visitor to the site and I love what I see here! My wife and I began 2011 with the goal of living in financial excellence. It is exciting to say that as we come to the end of the year that we have accomplished our goals! šŸ™‚

    A big thing that we have done over the last couple of years to save money at Christmas is have a plan and then sticking with it.

    Kevin

    • Matt Wegner
      Posted at 17:58h, 21 December

      Thanks Kevin. Glad you like the site. It’s a pleasure to have you in the financial excellence community!

  • Jon -- Free Money Wisdom
    Posted at 21:07h, 23 December

    I 100% agree with telling people you can’t exchange gifts. Sometimes it isn’t possible! Most of the time people can empathize–if they have money now they probably haven’t always had it in the past. Plus, sometimes families can get so huge that it becomes too expensive to buy friends gifts. I recommend doing a dinner or a cookie exchange. Great tips! Merry Christmas!

    • Matt Wegner
      Posted at 10:05h, 30 December

      Thanks Jon. I like the idea of cookie exchanges and dinners. I hope you had a great Christmas – mine was spent traveling, which is why I’m just now replying…

  • Yakezie Carnival – Christmas Edition - Passive Income to Retire
    Posted at 05:02h, 25 December

    […] in Financial Excellence: Financial Excellence: Saving Money at Christmas Time – Today I share tips and tricks from the Financial Excellence community about how to save […]

  • Clearing the Browser Tabs: How Rich Was Your Christmas? | Smart Family Finance
    Posted at 07:12h, 25 December

    […] Financial Excellence: Episode 90: How to Save Money During Christmas and Other Holidays, Dec 20, 2011 […]

  • » Carnival Of Financial Camaraderie # 13 – Christmas Edition » My University Money
    Posted at 21:04h, 30 December

    […] MattĀ presentsĀ Financial Excellence: Saving Money at Christmas TimeĀ posted atĀ Living in Financial Excellence, saying, Today I share tips and tricks from the Financial Excellence community about how to save money on Christmas gifts, decorations, and other holiday expenses. […]